Investors focused on the Finance space have likely heard of American Equity Investment Life Holding (AEL), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
American Equity Investment Life Holding is a member of the Finance sector. This group includes 819 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AEL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AEL's full-year earnings has moved 3.50% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AEL has moved about 21.28% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 0.17% on a year-to-date basis. As we can see, American Equity Investment Life Holding is performing better than its sector in the calendar year.
Breaking things down more, AEL is a member of the Insurance - Life Insurance industry, which includes 14 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has lost an average of 11.59% so far this year, meaning that AEL is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track AEL. The stock will be looking to continue its solid performance.
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